The City View: Subpar UK economic figures, and more rate hikes to come May 12, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through the gloomy economic figures released by the ONS this morning measuring the economy’s performance, and explain what this will mean for rate hikes going forward. And in the news: BT has confirmed a joint sports venture with Warner Bros [...]
Reemerging: Vodafone and Three open up tie-up talks once again May 12, 2022 The third and fourth largest mobile network operators in the country Vodafone and Three have reignited merger talks as the British telecom wars continue to heat up.
Gas prices soar as the Kremlin brings in sanctions against European Gazprom divisions May 12, 2022 Gas prices on UK and European benchmarks have spiked again after the Kremlin has imposed sanctions on Gazprom units in Europe and the US.
Siemens loses £512m as it gears up for full Russian exit after 170 years May 12, 2022 Siemens is set to face a €600m (£512m) hit in the second quarter after announcing its full exit from the Russian market after 170 years.
Bitcoin hits 16-month low amid trouble at Terra May 12, 2022 Bitcoin is currently changing hands for around $27k - a 15 per cent drop over the past 24 hours and 32 per cent over the past week.
Finland set to join NATO ‘without delay’ after PM Boris Johnson signs security deals in Scandinavia May 12, 2022 Finland is set to apply to join Nato “without delay” following Russia’s invasion of Ukraine, after Boris Johnson made a whistle-stop tour to the country. The country’s prime minister, Sauli Niinistö, made the announcement during a visit to Helsinki by UK Prime Minister Boris Johnson. In a statement, he said “NATO membership would strengthen Finland’s [...]
D-Day for Brexit deal as UK and EU hold crunch talks after Boris Johnson calls Northern Ireland discussion ‘crazy’ May 12, 2022 As ministers consider whether to override parts of the post-Brexit deal on Northern Ireland, Foreign Secretary Liz Truss will hold crunch talks with the vice president of the European Commission in the coming hours. Attorney General Suella Braverman is said to have approved the scrapping of swathes of the agreement, giving Boris Johnson legal cover [...]
Office workers can now use local Tesco to work from as supermarket giant joins forces with IWG May 12, 2022 Office workers across the UK will soon be able to use their local Tesco to work from as the supermarket group launches a new partnership with IWG. Tesco has said the flexible workspace business will convert excess space at its supermarket stores into office space designed for hybrid working. It comes amid the continued shift [...]
Sadiq Khan open to decriminalisation of cannabis: ‘Drugs trade causes huge damage,’ says Mayor of London May 12, 2022 SADIQ Khan is open to supporting a campaign to make cannabis legal in the UK as he visited a marijuana dispensary in Los Angeles yesterday.
Liz Truss: ‘Clear and shocking evidence of deliberate and malicious cyber attacks by the Kremlin’ May 11, 2022 The Kremlin has been blamed for a series of cyber attacks, including on a communications company in Ukraine an hour before Russia’s invasion. The Foreign Office made an announcement this week citing “clear and shocking evidence” of the action by Moscow, following an in-depth assessment by the UK’s National Cyber Security Centre (NCSC). The NCSC [...]